Imagine that you are given a task to research the struck off status of companies by name or PAN, what would you do? Obviously you would have a few options. You could go through the internet, conduct a comprehensive search for information about the company status on the websites of various financial regulators. But wouldn’t it be simpler if there were some platform available to help smooth the process? Be with us through this article and you will definitely have an easy road out!
Table of Contents
- What is Struck off company
- MCA notice on struck off company
- How to find status of company
- How to find status of company on MCA
- How to find status of company on InstaFinancials
- Bulk search of struck off companies
What is Struck off Company?
Strike Off or Struck off as the name suggests, means removing the name of the Company from the Register of Companies maintained by the Registrar of Companies (RoC). It is more like a Closure of the Company and the Company will not be in existence after being Struck Off and cannot perform any operation thereafter.
The Companies Act facilitates two modes of strike-off :
- strike off by the ROC (Registrar of Companies) under Section 248(1) of the Companies Act 2013
- strike off by a company on its own accord under Section 248(2) of the Companies Act, 2013
Grounds of Struck off
- The company hasn’t commenced its business within one year of its incorporation.
- The company hasn’t been pursuing any business or activity for the preceding two financial years, for which it hasn’t sought the status of Dormant Company under Section 455 of the Act.
MCA Notice on Struck off Company
The Ministry of Corporate Affairs (MCA) has mandated disclosure of transactions with companies struck off by the Registrar of Companies (RoC) under section 248 of The Companies Act, or under section 560 of the Companies Act, 1956. The disclosure is mandatory for financial year 2021-22
Vide this requirement MCA has made it mandatory to disclose the following information:
- Name of the Struck off Company
- Nature of Transaction with the Struck-off Company
- Balance Outstanding and Relationship with Struck-off Company
Nature of transaction that needs to be disclosed:
- Receivables & Payables
- Shares held by Struck-off Companies
- Investment in Securities
- Other outstanding balances (to be specified)
Apart from the disclosure of transactions related to Struck-off companies MCA has also proposed many changes. Please click here to download the notification issued by MCA.
How to Find the Struck-off Status of a Company?
MCA (Ministry of Corporate Affairs) and other reliable websites allow you to check company registration status on their website. It means you can easily check the company registration status for all types of companies- for example, One Person Company (OPC), Limited Liability Partnership (LLP) Company, Private Limited Company, and Public Limited Company etc.
How to check the status of a company on MCA?
- Visit mca.gov.in
- Visit Company/LLP Master Data page (MCA Services –> Master Data –> Company/LLP Master Data)
- Click on the search icon
- Enter the company name
- Click on the search button
- Select the company name
- Enter the characters in the image
- Click on Submit
- View the Company Status
For a more easy, convenient, free of cost and much more informative platform use InstaFinancials. You can search company name and view company registration details instantly along with potential related parties and director disqualification status in a single page.
How to check the status of a company on InstaFinancials?
- Visit InstaFinancials
- Search The Company Name
- Select the relevant company from the dropdown
- View the Company Status for Free
How to Check MCA Struck-off Status of All Your Customers InstaFinancials?
With InstaFinancials you can now check MCA company status of your customers, vendors, shareholders, parent, subsidiary companies or related parties to comply with the disclosure requirement of struck-off companies in one go with our Bulk Search service.
Share the list of companies in single excel & get the latest & accurate status of all companies in the excel. You can share only the company names or along with available CIN or PAN or GSTINs of your customers, vendors & other stakeholding companies to get the latest MCA Company Status.
FAQs on MCA Struck-off Service
Can I Get the Struck off status of companies by name?
Yes, you can share the names of the companies available with you with InstaFinancials to get the latest struck off status of the company.
Can I get the struck off status of companies by PAN?
Yes, you can share the list of companies along with the name and PAN to get the latest struck off status of the company.
How much time does it take to get the company status?
It depends on the quality of your input. If we get valid PANs or company names as per MCA then we can deliver over 1K companies data in 1 working day.
Is the list I share with InstaFinancials safe and secure?
Yes, we have been working with various top companies, Banks in India. We have been offering MCA struck-off service to large corporate, big audit firms & professionals in India. We are open to sign an NDA to assure privacy of our transaction and information in exchange during the transaction.
InstaFinancials other services which can help you stay informed for company status are:
InstaAPI can integrate your application with our APIs to get the latest & accurate company status instantly by company name or CIN or PAN and you can Automate your company status check with InstaAPIs.
Company Status Alerts service helps you stay informed about the latest company status of your customers and vendors on a periodic basis. You can subscribe for Company Status Alerts for 1 year period for all your customers and get monthly updates along with the latest & accurate status on your email.